These things, these material things, are simply an illusion of choice.

I feel 100% fine knowing that those kinds of people will face very difficult times ahead.

I don't feel fine knowing that BOLD & DETERMINED readers might not be fully prepared for disaster (economic or otherwise) or, even worse, think it isn't going to happen.

If disaster doesn't happen, great! You can be extra, super-duper free.

These are the areas you must work on to become a free man:

No Job

As far as I am concerned, a free man of the west is man who provides for himself. Under no circumstance should you rely on a job for 100% of your income and livelihood. A job can be taken away in a matter of minutes. I've gone in to work in the morning and left jobless several times.

Each time I was laid off I was provided a handsome severance package which allowed ample time to find a new job. This is not always the case and could be very disastrous for someone who lives paycheck to paycheck and who does not have a 2nd income source.

If you would like to have a job for some extra benefits and security, I see no problem with that. If you have 100% reliability in that sole job then it is a problem. All can be taken in a matter of moments. Be prepared for the worst, so when the worst comes you will be doing just fine.

Things like equal opportunity, affirmative action and offshore outsourcing make you, the free man, redundant and possibly dependent on the State or debt to survive. To be a free man you've got to have the ability to provide for yourself.

Stay out of Debt

Debt is slavery. There is no easier way to put it. To be a free man you must, must, must stay out of debt at all costs.

If you want to get into the debt game – be the debt master, don't be the debt servant.

I want to tell you about something called a Lonnie deal. A Lonnie deal is simple but it is beautiful.

Lonnie will buy a mobile home that needs some work. Lonnie will pay ALL CASH. Because he pays all cash he will purchase at a very steep discount from a desperate owner who needs to sell. Lonnie will then fix up the mobile home and make it nice and livable. Lonnie will then sell that mobile home for a higher price to a new buyer.

Here is the catch: Lonnie will not sell for cash, Lonnie will sell for terms. Lonnie will get a small down payment and collect monthly payments (with interest) until the entire balance is paid. If the new buyer stops paying Lonnie will kick them out, do a little fix-up work on the mobile home, and then get a new buyer in with the same terms and conditions.

Broken down, a Lonnie deal looks like this:

Lonnie buys a mobile home for 5k cash

Lonnie puts in 5k work to make the mobile home nice and livable

Lonnie sells the mobile home for 23k, with a $3,500 down payment and $225 per month at 7% interest rate over 10 years

Lonnie makes a grand total profit of $20,669.38 off of a 10k investment and a week or two of work

Lonnie does these deals again and again and again and spends the first week of the month depositing his many checks

Lonnie becomes the bank, the debt master, and his buyers become the debt servants. This type of transaction can be done with many things, not just mobile homes, but houses, cars, guns, whatever you can think of.

When you sell a mobile home on terms rather than on a cash basis it is called a Note. The note business is extremely profitable. You can look to the rich bankers for proof of this. The beauty is that anyone can get into the note game.

Lonnie Deals are named after fellow Texan Lonnie Scruggs, whose book Deals on Wheels was a big influence in my business model. Deals on Wheels is about flipping mobile homes but it is an excellent eye-opener about all the possibilities that exist.

Lonnie's model can be used in many different industries and products. This book is a huge influence in the underground real estate investing industry.

Decrease your tax burden

United States taxes are a gigantic burden to the small business man. To combat this, the smart business man will move his assets and tax-base to an offshore tax haven where he can minimize his tax burden.

You can either move your business interests offshore or develop an air-tight system of writing off your profits in such a way that you will pass an audit by the gumment.

Your taxes only exist to make the wealthy wealthier and to provide for the sub-human scum of society who cannot work for their share. It is your duty as a free man to keep as much of your hard-earned money as you can.

To be a free man you must keep a good amount of your profits. Johnny Law doesn't give a damn about you keeping your profits, it's up to you.

Now personally, I would not marry an American women for all the money in the world. They're fun to play with, but when it comes time to get serious they do not currently make a very wise choice.

To be a free man you cannot have alimony or child support payments. You will likely go directly to jail if you stop your payments. Whether you can afford the payments or not makes no difference to Johnny Law.

2nd Passport or Residency

The US gumment is run by psychopath's who care nothing for the average citizen. They will put their hand in your pockets every chance they get, right up until (and after) collapse. The worse things get, the more money they take from your pocket. For this reason, I see it as almost essential in getting at least a 2nd residency.

Some countries will offer citizenship or residency after several years of occupancy in their country. Some will offer citizenship with marriage to a national. Some will offer citizenship for a cash payment, investment, or home purchase in said country. There are a lot of options here.

There are many resources available on the resource machine we call the internet.

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Friends, if you make these 5 goals a priority you can rest assured you will be freer and more secure than the average man.

Stay out of debt, stay away from women who put you in debt, decrease your tax-burden, work for yourself and make your own money, and get yourself a “Just-in-case” 2nd passport or citizen option and you will sleep very well at night.

Comments

I have to toot my own horn and say that I practice those tenets. I have two passports. I have multiple streams of income. I am not married and might not ever be but currently in a good relationship. I have no children, and may never, but I am a godfather to a beautiful child and have other nieces and nephews. I also always pay with cash. In fact, if i need to make a large payment, such as for airline tickets, i get someone else to do it for me using their card and i pay them with cash; a sort of Lonnie i suppose. Any cash i spend is considered disposable income. Finally, I am not a home owner. I have a decent place which i pay for regularly at a reasonable price. I have no lease. Paid no deposit. I am, in a sense, a kind of nomad, able to move at a moment’s notice should the desire arise. Yes, i would lose a large part of my income if i did so, but the option is there, and I have a contingency plan in place, that being money pushed aside should i choose this path.

Victor you are on to something here for sure. I hate this system we are all born into. It’s utter slavery and bullshit. I am going to do the work to become a free man. My dad has been going through the process and it’s a “mine field” as he describes it but I think it will be worth it. The so called powerful people of the world obviously don’t want people to wake up and switch on and there’s plenty of dosy bastards out there that dont even realise what is going on. Thanks for the inspirational post mate. Keep up the good work. We need more people in this world to switch on. :)

But I wonder if you can point someone who is looking to “either move your business interests offshore or develop an air-tight system of writing off your profits in such a way that you will pass an audit by the gumment.” in the right direction.

Where does someone just starting a small business learn how to begin to protect himself from ruthless taxation by moving his assets to an offshore tax haven? Will this really minimize a small business owner’s tax burden?

You really opened my eyes to the possibility of taking financial freedom (no debt!) to the next level by offshore banking, so I started researching on my own.

Have you found the information mixed? Most sources (Forbes etc) make it sound like it’s not that great an idea unless you’re dealing with millions. Where did you find out about this topic in a way that empowered you to take action?

Several years ago I came across a man who paid no tax. He would cleverly write off everything in such a way that he would pass a tax audit. He would do things like pay his children to mow the yard and with their pay they had to buy their school books and school clothes, and since he was paying them for home maintenance it was tax deductible. He would do a bunch of small things like this until he had no tax burden. A small businessman should be doing things that decrease his tax burden, first and foremost.

What opened my eyes in re: offshore banking is that when I was abroad one of my American accounts got closed for no reason. The bank just up and closed it on their whim. Their solution to get it re-opened was “Just come on in to the nearest branch”. If I had only that one account I would have been in a world of hurt. Thankfully I had more and was ok, but it still cost me a pretty penny. This is what opened my eyes to the need for several accounts as well as offshore accounts – in the states your account(s) can be closed at any time for any reason. If you are able to generate a nice income for yourself, it is highly advisable to set up a tax residence where your earnings can be legally held – away from prying eyes and greedy fingers.

I don’t read any mainstream information like Forbes, but there are a lot of good resources available. When I have the time I am going to do another post with some resources.

Thanks for the reply. Some great ideas there. Yeah, I would love an article where you get deeper into this subject. Ties in beautifully with the ‘Become International’ and ‘How to Keep Private in a Non-Private World’ posts. Keep up the great work, man.

Hey Vic, I’m liking where this blog is going (the same direction as me).

Currently living in the middle of Sydney working on my own business, enjoying some tourist things, living like a Spartan and oh yeah.. a free man. It’s even better than I expected it to be and all my procrastination problems are gone now that I’m completely in charge of my own life. IF this project fails, I’ll do another, if I run out of money, I’ll go teach English or do some contracting work. Having total Freedom to direct my life is the most important thing for me now. Note: I’m talking about Freedom to direct my life, not freedom from effort.

@Rey Kel Lookup starting a Hong Kong Corporation. It’s yours for under $2kUS, should only take a few days in Hong Kong, pay no corporate tax on income sourced outside Hong Kong (Online Software ;) and have a Hong Kong business account + you’re allowed your own Hong Kong personal account. You only pay income tax on your salary wherever you are a resident for tax purposes. Pay yourself $15k a year and take advantage of the massive list of business expenses Hong Kong allows companies, such as ‘home’ or ‘transport’. This is on my todo list in the next 6 months.

Thanks for the info on the Hong Kong corp. idea. It sounds confusing at first glance but I will definitely look into it. Would this work if you have a ‘terrestrial’ job in the US or is it an arrangement best suited for internet entrepreneurs that make money online while living anywhere?

Victor
Thanks for what you do.. As a young Man it’s great to have a role model/ leader like you..
In your post about being a free man one of the things you mention is a Passport/ 2 Residece.. What is your opinion about a 2nd place of residency would be? Overall balaced?

Would you recommend Europe? Or is it on the same level as the US? Is life in the UK and France, in your opinion, just as bad as the US (in terms of political correctness, financial freedom, etc.)? When you say living abroad, do you specifically mean poor countries like those in Asia and South America?

damn, the mobile home flipping thing just hit me like a train, I’m very interested in that kind of business. There is a mobile home park near where I live and I will have close to 15K this summer to invest… I just need to get some skills to fix the house.

Great article here. I was on a train the other day and heard some girls talking about their “job”. Their SOLE income source. The one girl asks the other: So how much are they paying you a day? Other girl: 50 dollars a day… No reaction from the girl who asked the question who is basically in the same field.. You could see the desperation on their faces. They were both in their 20’s. And with the slave mindset they have MANY years to be slaves indeed. Or of course they will look to sink a guy and get pregnant. I am certainly not against kids. GOD says to be fruitful and multiply but there is no question people have perverted some things shall we say including the concept of debt slavery or simply NOT being paid much at all and throw on the insanity of buying things you don’t need because your greed instinct or crazy instinct kicks in. Borrower is slave to the lender indeed. If modern day slave-bots could read this ONE article even that could set so many free. As you once said, Victor, all it takes is just a “twist” in your thinking. Just say “hey, I don’t have to do this.”
I finally did and am now officially making some money off the net. Not much yet but I am getting it monthly. The goal now is to do more and more and make it better and better and have MULTIPLE income sources with zero debt( have very little debt now). This is probably the 3rd time I read this article and THIS TIME I took it in more than ever.. For the readers out there, read Victor’s articles Multiple times.. This man has a shocking ability of cutting through the BS of life!! That is huge. You know how many people I read or hear on TV and I like “some” of their stuff but their lack of plain speaking or their non ability to truly speak to the inner core of people gets me bored and loses my focus.. For me, rather frankly, outside of JESUS CHRIST in terms of influence and some Christian pastors and the wonderful parents who raised me, Victor Pride and Dave Ramsey( talk show host who was a multi millionaire in his 20’s and lost it all only to gain it all back again but much wiser with zero debt and has multiple books out) have been my biggest influences! I can truly say that now. And I went to college and all, Those professors had ZERO impact on my life! The only thing they try to do is make kids communist or talk about meaningless crap. This life ends in a blip. People talk some crap about retirement and all.. YA.. Full SS benefits are now 67 years old for many people and soon to be 70! IS that what we are waiting for? Really? You don’t keep going and going here. A friend of mine lost her husband just the other day at 48 years old. They have 3 kids.. Don’t EVER assume you will live till 85!! Victor is helping tons of people get out of the slavery nightmare!! Follow it! And take back your life that has been stolen for so many out there who bought into the lie! Where else do people get this kind of info?? You don’t even have to agree with it all.. But MOST of it you will! This man puts out great stuff! Nuff said!

This is one of the most useful websites on the planet.. By far! From personal grooming to working out, to eating correctly, to getting jacked, to money issues, ending debt, to not getting into fights that simply waste your time, to most importantly, getting your life back from Slave- Botism! All said in common sense, right to the POINT style! Thank you!

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